Nakheel says net profits up by 36% in first half of 2012: Union Properties posts Q2 profit, cuts debt, Net profits for the first half of 2012 reach AED106m, compared to a loss of AED439m in the prior-year period

Depa Ltd, the interior contractor that fitted out Dubai's Burj Khalifa, the world’s tallest tower, said on Sunday it expected to report revenue improvements across its business sectors for the third quarter.

The company, which posted a net loss of AED110m ($29.9m) in the first half of the year, said in a trading statement that its underlying business "continues to perform in line with expectations, with all major projects making good progress".

"The company continues to have a backlog of projects at near record levels and has a very strong pipeline of future projects, especially in the GCC and South East Asia, which will be signed into the backlog in the coming months, Depa said in the statement.